Photo: Wikipedia
The abandoned factory that used to produce Packard luxury automobiles in Detroit, Michigan until the 1950s will host an upscale go-kart racing track. But only if Fernando Palazuelo, a prospective buyer of the plant, gets a hold of it.
Auctioned earlier this year, the facility has yet to find an owner after the first and the second highest bidders have failed to complete the transaction. Palazuelo, a Peruvian developer, was the third highest bidder and it seems he’s the one that will get the 3.5 million square feet factory.
In an interview in downtown Detroit, the businessman revealed his plans for the Packard facility, saying he is considering a high-end go-kart track as well as talking GM, Ford and Chrysler into opening parts shops in the area.
Founded in 1899, Packard ceased all activity in 1958. Since then, the 3.5 million square feet factory hosted several small businesses, but has long been a victim for scrappers and vandals. The sites former owner, Bioresource Inc., planned to demolish the complex back in 2012.
Story via DetroitFreePress
In an interview in downtown Detroit, the businessman revealed his plans for the Packard facility, saying he is considering a high-end go-kart track as well as talking GM, Ford and Chrysler into opening parts shops in the area.
Founded in 1899, Packard ceased all activity in 1958. Since then, the 3.5 million square feet factory hosted several small businesses, but has long been a victim for scrappers and vandals. The sites former owner, Bioresource Inc., planned to demolish the complex back in 2012.
Story via DetroitFreePress
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